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posted Jun 5, 2019 11:58:36 PM

How do I enter a 1099-misc received from Americorps for payment made for student loan?

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1 Best answer
Intuit Alumni
Jun 5, 2019 11:58:38 PM

Online and desktop differ slightly. 

Online Sign into your account and start the return (Pick up where I left off)

Click Federal on the left side-bar

Click Wages & Income along the top

(Click  “I’ll pick what I want to work on” and click  “Add Income” and “See list of all income” if needed)

FOR ONLINE:

Under Income scroll to the bottom and click Show more under “Less Common Income”

Scroll to the bottom “Miscellaneous Income, 1099-A, 1099-C and click Start

Scroll to the last choice and click Start next to “Other reportable income”

(this screen says “Do not enter income reported on Form 1099-MISC. Please disregard this warning for the Americorp 1099-MISC)

Enter Americorps 1099-MISC as the description and the amount and Continue

Click Done on the next page

The online program puts the amount on line 21 with the description of “Americorps 1099-MISC.

It will not be treated as self-employment.

FOR DESKTOP:


When you get to the Income section, SCROLL PAST Miscellaneous 1099-MISC and Other Income to Miscellaneous Income 1099-A, 1099-C located at the bottom of the list. 

Click Start and again go to the bottom of the list to "Other reportable income" and click Start

Continue from there. See screenshots for assistance. 

The income will show as a line item on line 1 of the 1040 and not as Self-employment. 



1 Replies
Intuit Alumni
Jun 5, 2019 11:58:38 PM

Online and desktop differ slightly. 

Online Sign into your account and start the return (Pick up where I left off)

Click Federal on the left side-bar

Click Wages & Income along the top

(Click  “I’ll pick what I want to work on” and click  “Add Income” and “See list of all income” if needed)

FOR ONLINE:

Under Income scroll to the bottom and click Show more under “Less Common Income”

Scroll to the bottom “Miscellaneous Income, 1099-A, 1099-C and click Start

Scroll to the last choice and click Start next to “Other reportable income”

(this screen says “Do not enter income reported on Form 1099-MISC. Please disregard this warning for the Americorp 1099-MISC)

Enter Americorps 1099-MISC as the description and the amount and Continue

Click Done on the next page

The online program puts the amount on line 21 with the description of “Americorps 1099-MISC.

It will not be treated as self-employment.

FOR DESKTOP:


When you get to the Income section, SCROLL PAST Miscellaneous 1099-MISC and Other Income to Miscellaneous Income 1099-A, 1099-C located at the bottom of the list. 

Click Start and again go to the bottom of the list to "Other reportable income" and click Start

Continue from there. See screenshots for assistance. 

The income will show as a line item on line 1 of the 1040 and not as Self-employment.